Envestnet Asset Management Inc Increased Glacier Bancorp Inc New (NASDAQ:GBCI) Stake by $11.03 Million

August 13, 2018 - By Michele Cranor

Investors sentiment increased to 1.48 in Q1 2018. Its up 0.07, from 1.41 in 2017Q4. It is positive, as 12 investors sold GBCI shares while 52 reduced holdings. 28 funds opened positions while 67 raised stakes. 60.48 million shares or 1.26% more from 59.72 million shares in 2017Q4 were reported. Bahl And Gaynor invested 0.01% in Glacier Bancorp, Inc. (NASDAQ:GBCI). Alpine Woods Capital Ltd Co invested in 14,000 shares. Ameritas Prtnrs stated it has 6,584 shares. Sterling Capital Management Limited holds 0.2% of its portfolio in Glacier Bancorp, Inc. (NASDAQ:GBCI) for 560,130 shares. Citigroup Inc invested in 12,231 shares. Livingston Asset Mngmt Com (Operating As Southport Cap Management) holds 0.18% in Glacier Bancorp, Inc. (NASDAQ:GBCI) or 10,609 shares. Bnp Paribas Arbitrage has invested 0% in Glacier Bancorp, Inc. (NASDAQ:GBCI). Automobile Association holds 12,854 shares. Raymond James Fincl Inc holds 0.01% or 24,432 shares in its portfolio. Employees Retirement Association Of Colorado has invested 0% in Glacier Bancorp, Inc. (NASDAQ:GBCI). Janney Montgomery Scott Ltd Limited Liability Company reported 0% of its portfolio in Glacier Bancorp, Inc. (NASDAQ:GBCI). Private Advisor Grp Limited owns 0.01% invested in Glacier Bancorp, Inc. (NASDAQ:GBCI) for 6,217 shares. 85,261 were accumulated by Comerica Natl Bank. Cornerstone Advsrs has invested 0% in Glacier Bancorp, Inc. (NASDAQ:GBCI). 37,977 are held by Coldstream Cap.

Since March 13, 2018, it had 0 buys, and 2 insider sales for $223,882 activity. Another trade for 513 shares valued at $18,832 was sold by Murdoch John W.

Envestnet Asset Management Inc increased its stake in Glacier Bancorp Inc New (NASDAQ:GBCI) by 864.52% based on its latest 2018Q2 regulatory filing with the SEC. Envestnet Asset Management Inc bought 290,150 shares as the company’s stock declined 1.53% with the market. The institutional investor held 323,712 shares of the finance company at the end of 2018Q2, valued at $12.52 million, up from 33,562 at the end of the previous reported quarter. Envestnet Asset Management Inc who had been investing in Glacier Bancorp Inc New for a number of months, seems to be bullish on the $3.68 billion market cap company. The stock decreased 0.25% or $0.11 during the last trading session, reaching $43.54. About 265,997 shares traded. Glacier Bancorp, Inc. (NASDAQ:GBCI) has risen 21.13% since August 13, 2017 and is uptrending. It has outperformed by 8.56% the S&P500.

Envestnet Asset Management Inc, which manages about $60.39 billion and $43.79 billion US Long portfolio, decreased its stake in Ishares Inc (EZU) by 4.17 million shares to 502,589 shares, valued at $20.61M in 2018Q2, according to the filing. It also reduced its holding in Vanguard Intl Equity Index F (VEU) by 785,606 shares in the quarter, leaving it with 1.93M shares, and cut its stake in Vanguard Index Fds (VNQ).

Envestnet Asset Management Inc is a Illinois-based institutional investor with more than $60.39 billion AUM in January, 2015. This fund invests only a small percentage of its assets in equities and options. Envestnet Asset Management Inc is the 81th largest institutional investor in our database. Taken from Envestnet Asset Management latest Adv, the fund reported to have 1070 full and part-time employees. Among which 58 performing investment advisory and research functions. The institutional investor had more than 209200 clients.

Glacier Bancorp, Inc. (NASDAQ:GBCI) Ratings Coverage

Among 4 analysts covering Glacier Bancorp (NASDAQ:GBCI), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Glacier Bancorp had 5 analyst reports since March 29, 2018 according to SRatingsIntel. The stock has “Hold” rating by Sandler O’Neill on Thursday, March 29. The firm earned “Buy” rating on Friday, April 20 by SunTrust. The stock of Glacier Bancorp, Inc. (NASDAQ:GBCI) has “Hold” rating given on Friday, April 20 by Sandler O’Neill. The rating was maintained by DA Davidson on Monday, April 23 with “Neutral”. The rating was maintained by Piper Jaffray on Friday, April 20 with “Hold”.

Glacier Bancorp, Inc. operates as the holding firm for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. The company has market cap of $3.68 billion. It offers deposit products, including non-interest bearing demand accounts, interest bearing negotiable order of withdrawal and demand accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts. It has a 26.06 P/E ratio. The firm also provides construction and permanent loans on residential real estate; consumer land or lot acquisition loans; unimproved land and land development loans; and residential builder guidance lines comprising pre-sold and spec-home construction, and lot acquisition loans.

More news for Glacier Bancorp, Inc. (NASDAQ:GBCI) were recently published by: Benzinga.com, which released: “Glacier Bancorp’s Earnings Preview” on July 19, 2018. Seekingalpha.com‘s article titled: “Glacier Bancorp, Inc. (GBCI) CEO Randall Chesler on Q2 2018 Results – Earnings Call Transcript” and published on July 20, 2018 is yet another important article.

Glacier Bancorp, Inc. (NASDAQ:GBCI) Institutional Positions Chart

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